Palred Technologies Limited Reports Un-Audited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 25, 2016 at 02:44 am
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Palred Technologies Limited reported un-audited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on standalone basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 8.853 million compared to INR 7.497 million, loss from ordinary activities before tax of INR 6.329 million compared to profit from ordinary activities before tax of INR 6.484 million and net loss for the period of INR 6.329 million or INR 0.40 per basic and diluted before and after extraordinary items (not annualized) compared to net profit of INR 6.484 million or INR 0.17 per basic and diluted share before and after extraordinary items (not annualized) for the same period last year.
For the nine months, on standalone basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 23.611 million compared to INR 25.127 million, profit from ordinary activities before tax of INR 3.80 million compared INR 18.869 million and net loss of INR 3.8 million or INR 0.16 per basic and diluted before and after extraordinary items (not annualized) compared to net profit of INR 18.869 million or INR 0.48 per basic and diluted before and after extraordinary items (not annualized) for the same period last year.
For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 90.954 million, loss from operations before other income, finance costs and exceptional items of INR 46.311 million, loss from ordinary activities before tax of INR 42.028 million and net loss for the period of INR 42.028 million or INR 2.23 per basic and diluted before and after extraordinary items (not annualized) compared to total income from operations (net) of INR 4.664 million, loss from operations before other income, finance costs and exceptional items of INR 12.589 million, profit from ordinary activities before tax of INR 20.0 million and net profit of INR 20.0 million or INR 0.10 per basic and diluted before and after extraordinary items (not annualized) for the same period last year.
For the nine months, on consolidated basis, the company reported total income from operations (net) of INR 242.631 million, loss from operations before other income, finance costs and exceptional items of INR 164.758 million, loss from ordinary activities before tax of INR 139.360 million and net loss of INR 139.360 million or INR 4.43 per basic and diluted before and after extraordinary items (not annualized) compared to total income from operations (net) of INR 26.317 million, loss from operations before other income, finance costs and exceptional items of INR 30.219 million, income from ordinary activities before tax of INR 15.285 million and net income of INR 15.285 million or INR 0.41 per basic and diluted before and after extraordinary items (not annualized) for the same period last year.
Plared Technologies Limited is an India-based holding company. The Company and its subsidiaries are engaged in the trading in electronic products, fashion accessories and providing related services. Its subsidiary, Palred Electronics Private Limited, owns the consumer electronics brand, pTron. The Company's products range from wired earphones, wireless earphones and headsets, true wireless earbuds, Bluetooth speakers, smart wearables, power banks, chargers, cables and various others. pTron brand products are available in both physical and online stores, such as Amazon, Flipkart and other e-commerce sites. Its subsidiary, Palred Retail Private Limited, owns e-commerce Website, ptron.in and www.LatestOne.com, which specialize in selling tech and mobile accessories such as Bluetooth speakers and headsets, cables, power banks, headsets, smart watches, fashion accessories and various others. The Company's other subsidiary is Palred Technology Services Private Limited.
Palred Technologies Limited Reports Un-Audited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015